Monday 28 November 2011

Help, please... the euro is failing, we need to save it

Am I a lone voice of the people?

The euro

We want the euro to continue to exist, we like it very much. So politicians stop fussing, take control of our money, sort out the banks (let them go banckrupt, protecting our money) or have the ECB finance them as the USA Fed does. Couple this to a 27 member agreement to use the euro, and for everyone to have binding fiscal policies to protect its future. Just get on with it. We can't have growth and jobs unless people have the money to buy goods, and they dont.

More money to spend

The question is why? More money has to be put in people's pockets, through higher wages, lower debts and smaller household running costs. UK wages are a pittance and businesses have to recognise that paying lower wages gets you monkeys, to grow you need geniouses and these cost.

And invest

Why does industry not invest? Last April to government announced a £2.5bn find, of which only £8m has been taken up? There are two simple reasons, consumers are not buying becaseu they have no money, and industry is incompetent to make the things people want, people in any part of the world. The first reason is true for UK and parts of Europe, the second is true universally. Managers and Entrepreneurs have to get off their backsides, have courage and leap into business. I am not interested in working out the details, and being shouted down by financiers self protecting! Let's agree the principles and, whatever the cost, do it.

No comments: